Stocks celebrated the one-year anniversary of the start of their greatest rally since FDR was president by posting modest gains Tuesday. The S&P 500 has had an epic rally over the last 52 weeks, climbing more than 68% from a 12-year low. The Dow is up more than 60%, while the Nasdaq is up 85%.
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Millions of Americans are facing the worst money problems imaginable, but these same conditions are a boon for pawn shops and payday lenders. Borrowers get short-term loans at these stores using some asset as collateral -- their paycheck, or a car, or jewelry. That access to cash helps, but it comes at a cost that can be crippling.
The other shoe is about to drop at BusinessWeek. Shortly after taking over the magazine, news giant Bloomberg pruned its staff by a reported 30% and made it known that more downsizing would come sometime before May. Sources say that round will begin Thursday.
The notorious Hollywood starlet is suing online broker E-Trade for $100 million for violating her privacy in a TV spot that aired during the Super Bowl. Saying she's a first-name-only household icon, Lohan says her name was used unlawfully in a commercial.
InterMune shares soared over 60% after hours after it came closer to FDA approval of its experimental treatment for a fatal lung disease. An advisory panel voted to approve the drug despite questionable effectiveness, given that the disease has no cure and patients need reason to hope.
The Great Recession was marked by a dearth of credit, but it never lacked for buzzwords. Now comes the "new mix," which argues that international trade -- especially with developing markets -- will replace consumer spending as the basis for growth. It's a case worth considering.
The bankrupt mall operator General Growth Properties, which has been fending off an unsolicited $10 billion bid from rival Simon Property Group, may now have a viable alternative. The company has secured nearly $4 billion from Fairholme Capital and Pershing Square to recapitalize its balance sheet.
It's almost always better for the U.S. dollar to be strong than weak versus the world's other major currencies. Nevertheless, a stronger dollar does present an economic hurdle or two for the world's largest economy.
National office vacancy rates are likely to top 18% in 2010, reaching their highest levels in decades and forcing landlords to negotiate more concessions with tenants, according to a new study by Grubb & Ellis.
Loading... Loading... Loading... Loading...| Symbol | Last | Change / % | Volume |
|---|
| 3.82 | +0.26 +7.30% | 1.11B | |
| 16.80 | +0.06 +0.36% | 167.78M | |
| 114.46 | +0.19 +0.17% | 154.56M | |
| 1.07 | +0.06 +5.94% | 101.74M |
| 5.04 | +0.86 +20.57% | 1.08M | |
| 20.71 | +2.95 +16.61% | 133,237.00 | |
| 2.47 | +0.31 +14.35% | 7.80M | |
| 320.00 | +40.00 +14.29% | 200.00 |
